Refer to the Following Figure When Answering the Following Questions

question 20

Multiple Choice

Refer to the following figure when answering the following questions.
Figure 16.1: Consumption Function
-Consider the utility functions in Figure 16.1. Curve b exhibits:

• A) risk-taking behavior.
• B) constant marginal utility.
• C) diminishing marginal utility.
• D) consumption smoothing.
• E) None of these answers is correct.

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American Civil Liberties Union

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Meyer v. Nebraska

A 1923 Supreme Court case that struck down a state law restricting the teaching of foreign languages to children, ruling it as a violation of the Fourteenth Amendment’s due process clause.